GreenQueen
Registered User
- Messages
- 281
Age: 31
Spouse’s/Partner's age: 32
Monthly net income: 4500
Type of employment: Me - fulltime permanent & private sector. Spouse - self employed
Expenditure pattern: We got ourselves into a bit of debt this year, but are payin it off at a huge rate to clear it by June. We'd like to start looking at our options once the debt is paid off & plan for the future. We tend to spend money when we have it so have to plan well in advance to make sure the money is inaccessible!
Monthly Outgoings
Mortgage - 1100
Loan (Short term, paid off in June) - 1000
Utilities etc - 1000
Childcare - 500
Food & Petrol - approx 900
Other borrowings – car loans/personal loans etc: Credit Union Loan of 10K
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:900 in Credit Union as contingency fund and towards Christmas, putting away 30 per week to add to this
Do you have a pension scheme? Me - yes 15% going in every month, Spouse - no
Do you own any investment or other property? no
Ages of children: 9.
Life insurance: Term insurance for the duration of the mortgage
We're determined to clear our debts by June of next year and have increased our repayments on our Credit Union loan to accelerate the end date - it's actually a 5 year loan. We can live comfortably on the money we have but where to when the loan is finished. How much and where should we start with my spouse's pension?
How to provide for a college fund for the 9YO for the future?
Is there something we are missing?
Spouse’s/Partner's age: 32
Monthly net income: 4500
Type of employment: Me - fulltime permanent & private sector. Spouse - self employed
Expenditure pattern: We got ourselves into a bit of debt this year, but are payin it off at a huge rate to clear it by June. We'd like to start looking at our options once the debt is paid off & plan for the future. We tend to spend money when we have it so have to plan well in advance to make sure the money is inaccessible!
Monthly Outgoings
Mortgage - 1100
Loan (Short term, paid off in June) - 1000
Utilities etc - 1000
Childcare - 500
Food & Petrol - approx 900
Other borrowings – car loans/personal loans etc: Credit Union Loan of 10K
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:900 in Credit Union as contingency fund and towards Christmas, putting away 30 per week to add to this
Do you have a pension scheme? Me - yes 15% going in every month, Spouse - no
Do you own any investment or other property? no
Ages of children: 9.
Life insurance: Term insurance for the duration of the mortgage
We're determined to clear our debts by June of next year and have increased our repayments on our Credit Union loan to accelerate the end date - it's actually a 5 year loan. We can live comfortably on the money we have but where to when the loan is finished. How much and where should we start with my spouse's pension?
How to provide for a college fund for the 9YO for the future?
Is there something we are missing?
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